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MJP

MJP
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  • Real Estate, Then and Now [View instapost]
    Mike - can you point me to the research supporting these two statements?

    "Accordingly, numerous studies have shown that housing prices have up to two times the effect on consumer spending as they do on declines in stock prices. Consequently, if housing prices decline by 25 percent, the economic impact will be as if the stock market declined by 50 percent.”
    Jul 1 09:08 AM | Likes Like |Link to Comment
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